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That's a fantastic idea. We could give it a special name to avoid confusion. How about "salary"?
by noonespecial 10y ago
That's a fantastic idea. We could give it a special name to avoid confusion. How about "salary"?
- rl3 10y agoYou often hear about founder salaries being set intentionally low by VCs to keep founders hungry. While I don't dispute the power of stress and pressure to light a fire under someone's ass, I don't think it should come in the form of a person's livelihood. For example, it's not hard to imagine founder(s) that have been working for years on something with no pay, putting them far behind their traditionally-employed peers. They may even have family obligations on top of that. Proceeding to then pay them low wages in the interest of motivation isn't exactly the best idea. Granted, I do tend to agree with the ethos of having the founder being the lowest-paid employee in the company. Ideally that just ensures everyone else is paid really, really well.
- noonespecial 10y agoWe've kind of had the hat-trick of weasely-ness going on recently. They get overworked, underpaid, and then the promise of a big payout at the end is diluted away by investors who were barely involved beyond sloshing a bunch of other people's money in their general direction. I don't like industries that institutionalize the consumption of individuals enthusiasm or altruism. We've essentially lost medicine to the latter and it sucks to see the startup scene consumed by the former.